TT or LC payment?

Question

Hello

We are considering accepting an order from a new Chinese customer, ex-works in GBP. We are manufacturing in the UK.

They are about to pay a 30% deposit and would like to pay balance 70% by T/T 20 days after receipt of Bill of Lading. Is this safe and will we have title to goods if their balance 70% payment isn’t made on time?

Thanks

Adam

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